Inflation in Philippines

Philippines Inflation | Economic News & Forecasts

Philippines - Inflation

Inflation drops to lowest level since July in October

Consumer prices rose a seasonally-adjusted 0.15% from the previous month in October, accelerating from the 0.08% increase logged in September. The higher print was in part due to a weaker decline in food and non-alcoholic beverage prices, as well as a steeper increase in housing, water, electricity, gas, and other fuels prices.

Inflation edged down to 4.6% in October, which followed September’s 4.8%. October's result represented the lowest inflation rate since July. Meanwhile, the trend pointed up mildly, with annual average inflation coming in at 4.3% in October (September: 4.1%). Lastly, core inflation rose to 3.4% in October, from September’s 3.3%.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.2% in 2022, which is up 0.2 percentage points from last month’s forecast, and to average 3.1% in 2023.

Philippines - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)0.7  1.3  2.9  5.2  2.5  

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Philippines Inflation Chart

Philippines Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Statistics Office.

Philippines Facts

Value Change Date
Bond Yield4.44-4.11 %Dec 27
Exchange Rate50.660.02 %Jan 01

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